GlobalData offers a comprehensive analysis of TPI Composites, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on TPI Composites‘s ESG performance. GlobalData’s company profile on TPI Composites offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Data Insights TPI Composites Inc - Company Profile

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TPI Composites, a leading manufacturer of wind blades, is committed for reducing its greenhouse gas (GHG) emissions. The company aims to achieve carbon neutrality by 2030 for scope 1 and 2 emissions, with 100% of its energy coming from renewable sources. TPI recognizes the importance of decarbonizing energy production and supporting the electrification of the vehicle fleet to mitigate climate change.

In terms of its current carbon emissions, TPI reported 9,210 metric tons (MT) of scope 1 emissions, 71,187 MT of scope 2 emissions (location-based), and 78,383 MT of scope 2 emissions (market-based) in 2022. The scope 3 emissions amounted to 1,503,000 metric tons of CO2 equivalent. The company reduced its emissions intensity in 2022 by approximately 17% year over year and is committed to reducing these emissions further by taking steps to optimize materials efficiency in wind blade design. TPI consumes significant quantities of materials such as fiberglass, resin, carbon reinforcements, core, and adhesive in its manufacturing process.

TPI has implemented measures to reduce emissions and increase energy efficiency. The company has invested in renewable energy sources to power its operations and is actively working to shift from higher to lower carbon products. TPI also acknowledges the potential risks associated with climate change, such as more severe weather events and competition within the renewable energy sector.

Overall, TPI Composites is committed to reducing its carbon emissions. The company has taken steps to optimize materials efficiency, invest in renewable energy, and promote diversity and inclusion. By aligning its business strategy with the goal of decarbonizing the electric sector and electrifying the vehicle fleet, TPI aims to positively impact climate change and contribute to a sustainable future.

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GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.